Suharto's Pledges Lift Currencies
In Asia, Spur Rebound in Rupiah

SINGAPORE -- Indonesian President Suharto's declaration that he will lead the country into an orderly transition of power lifted Southeast Asian currencies, but only back to levels seen early Monday.

In a speech broadcast live throughout the region, Mr. Suharto promised that he would stand down after introducing political reforms ahead of fresh Indonesian elections. However, he didn't offer any timetable for the planned changes.